Internet hardware developer Unisphere Networks of Westford, Mass., and Gaithersburg, Md.-based telephony specialist BroadSoft announced a mutual agreement Wednesday to end merger talks because of "market conditions." The companies said they will continue as strategic partners in joint sales and marketing ventures with clients.
The merger was the most recent deal to fall through because of the sour economy, which has particularly sapped cash and stock prices for technology companies. Earlier this month, London-based Internet company Scoot and French media giant Vivendi Universal officially ended acquisition talks, and business-to-business exchange provider FreeMarkets canceled a merger with Adexa. FreeMarkets intended to buy the e-commerce software maker in February for about $340 million in stock.